NYSE$U
Unity Software Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Unity's Q3 2024 results exceeded guidance, showing progress in strategic portfolio revenue and Adjusted EBITDA.
Unity's Q3 2024 strategic portfolio revenue reached $429 million, a 2% decrease year-over-year, exceeding guidance. The company's net loss was $125 million. Adjusted EBITDA was $92 million, also surpassing expectations. The company is focusing on fostering a culture of execution and discipline, accelerating product innovation, and strengthening customer relationships.
- Unity's strategic portfolio revenue was $429 million, exceeding guidance.
- Net loss for the quarter was $125 million, consistent with the previous year.
- Adjusted EBITDA was $92 million, surpassing guidance.
- The cancellation of the Runtime Fee and reversion to a subscription-based model has unblocked renewals and accelerated new relationships.
Headline financials
Revenue & EPS history
Unity · Revenue · Quarterly
$447M
Revenue by segment
Unity · $544M total across 2 segments · Q3 2023
- Grow Solutions$355M+106.8%65.3%
- Create Solutions$189M+47.0%34.7%
Forward guidance
For the fourth quarter, Unity is guiding revenue for its strategic portfolio to $422 to $427 million and Adjusted EBITDA to $79 to $84 million for the total company.
Tailwinds
- Revenue guidance for our strategic portfolio now at $1,703 to $1,708 million
- Adjusted EBITDA of $363 to $368 million
- New pricing changes will help drive consistent revenue growth in the double digit range for our core subscription business.
- Unity 6 is designed to enable the creation of better games, built more quickly and more efficiently than ever before.
- The entire gaming ecosystem functions better when Unity is delivering on its commitment to provide developers and publishers what they need to make and market great games.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+2.1%
Avg return
Earnings day
+3.9%
Avg return
5 days after
+5.8%
Avg return
30 days after
58%
14 / 24 earnings
Positive
+30.4%
Q4 2024
Best reaction
-39.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.8% | -1.7% | +6.9% | |
| Q4 2025 | -26.3% | -35.7% | -33.1% | |
| Q3 2025 | +18.1% | +20.2% | +27.6% | |
| Q1 2025 | -3.1% | +2.4% | +17.9% | |
| Q4 2024 | +30.4% | +19.5% | +0.4% | |
| Q3 2024 | -5.4% | -11.3% | +27.9% | |
| Q2 2024 | +11.6% | +16.7% | +13.9% | |
| Q1 2024 | -10.0% | -4.4% | -28.3% | |
| Q4 2023 | -0.8% | -7.5% | -13.7% | |
| Q3 2023 | +3.6% | +12.0% | +25.5% | |
| Q2 2023 | -9.2% | -11.8% | -18.1% | |
| Q1 2023 | +14.8% | +6.1% | +28.4% | |
| Q4 2022 | -12.7% | -18.8% | -21.3% | |
| Q3 2022 | +17.1% | +37.6% | +42.8% | |
| Q2 2022 | +11.7% | +17.5% | -22.1% | |
| Q1 2022 | -39.9% | -22.4% | -18.0% | |
| Q4 2021 | +6.5% | +5.5% | -12.7% | |
| Q3 2021 | +8.2% | +20.6% | -14.2% | |
| Q2 2020 | +18.2% | +14.0% | +26.1% | |
| Q2 2021 | +10.1% | +16.9% | +21.7% | |
| Q1 2021 | +3.3% | +7.2% | +23.6% | |
| Q4 2020 | -13.3% | -13.7% | -36.7% | |
| Q4 2019 | +9.6% | +13.0% | +49.9% | |
| Q3 2020 | +8.7% | +11.8% | +44.4% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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